2013-11-12 15:59:56 [Message] fib_1618 -> Chat: good day2013-11-12 15:59:58 [Message] fib_1618 -> Chat: how is everyone?2013-11-12 16:01:48 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-11-12 16:02:48 [Message] thespookyone -> Chat: Not much selling pressure...2013-11-12 16:03:07 [Message] fib_1618 -> Chat: nope2013-11-12 16:03:30 [Message] fib_1618 -> Chat: however...the intraday trend of money flow continues to look "heavy"2013-11-12 16:03:48 [Message] thespookyone -> Chat: yes2013-11-12 16:03:51 [Message] fib_1618 -> Chat: pattern wise...we have flags in a lot of the charts2013-11-12 16:04:06 [Message] fib_1618 -> Chat: still waiting for "something"2013-11-12 16:04:25 [Message] fib_1618 -> Chat: maybe some relief with OPEX this Friday?2013-11-12 16:04:43 [Message] fib_1618 -> Chat: OK...let's get DP up and take a look around2013-11-12 16:05:05 [Message] fib_1618 -> Chat: after seeing a strong reversal on Friday2013-11-12 16:05:15 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO had a small point change on Monday2013-11-12 16:05:25 [Message] fib_1618 -> Chat: and closed a little bit lower today2013-11-12 16:05:55 [Message] fib_1618 -> Chat: we also see that we remain below two areas of "blip resistance" above current levels2013-11-12 16:06:01 [Message] fib_1618 -> Chat: and until these areas are taken out2013-11-12 16:06:06 [Message] fib_1618 -> Chat: the bears have the upper hand2013-11-12 16:06:19 [Message] fib_1618 -> Chat: looking at the components2013-11-12 16:06:35 [Message] fib_1618 -> Chat: and we see that the 10% snapped back to the zero line over the last couple of days2013-11-12 16:06:42 [Message] fib_1618 -> Chat: but moved back below it today 2013-11-12 16:06:48 [Message] fib_1618 -> Chat: while the 5% remains above its zero line2013-11-12 16:06:59 [Message] fib_1618 -> Chat: all in all suggesting corrective activity at this time2013-11-12 16:07:29 [Message] fib_1618 -> Chat: and the NYSE CO breadth MCSUM has now fully snapped back to the +500 level settling today with a +494 reading2013-11-12 16:07:46 [Message] fib_1618 -> Chat: so we could go either way here2013-11-12 16:08:23 [Message] fib_1618 -> Chat: though the better bet would be for another bounce from here with the +500 level providing some support...at least temporary2013-11-12 16:08:44 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO2013-11-12 16:08:59 [Message] fib_1618 -> Chat: and we see that the broader market remains quite weak here2013-11-12 16:09:11 [Message] fib_1618 -> Chat: with only a small bounce noted2013-11-12 16:09:25 [Message] fib_1618 -> Chat: and we're still well below the blip resistance areas seen on the chart2013-11-12 16:09:46 [Message] fib_1618 -> Chat: meanwhile...the NYSE Composite breadth MCSUM continues to unwind nicely2013-11-12 16:10:31 [Message] fib_1618 -> Chat: and we can see how money flow has picked up speed to the downside of late2013-11-12 16:10:54 [Message] fib_1618 -> Chat: especially after we broke the +500 level on Thursday2013-11-12 16:11:16 [Message] fib_1618 -> Chat: but on a somewhat positive note2013-11-12 16:11:28 [Message] fib_1618 -> Chat: the 10% Component here moved to a lower low today2013-11-12 16:11:48 [Message] fib_1618 -> Chat: diverging with the MCO itself2013-11-12 16:11:57 [Message] fib_1618 -> Chat: when this happens2013-11-12 16:12:13 [Message] fib_1618 -> Chat: this is usually a point where we have some sort of bounce in the pattern2013-11-12 16:13:04 [Message] fib_1618 -> Chat: but then if we put ruler to monitor2013-11-12 16:13:18 [Message] fib_1618 -> Chat: we see that the NYSE breadth MCSUM broke below its rising bottoms line today2013-11-12 16:13:38 [Message] fib_1618 -> Chat: and this maybe a trigger to our "double hump" exhaustion signal mentioned a week or two ago2013-11-12 16:13:54 [Message] fib_1618 -> Chat: let's see how the NASDAQ data looks2013-11-12 16:14:43 [Message] fib_1618 -> Chat: now here we see that the NASDAQ breadth MCO showed much better strength over the last couple of days than what we see in the NYSE2013-11-12 16:15:00 [Message] fib_1618 -> Chat: but we still have a bit of overhead blip resistance here as well to overcome2013-11-12 16:15:08 [Message] fib_1618 -> Chat: no less the zero line above current levels2013-11-12 16:15:26 [Message] fib_1618 -> Chat: and as we touched upon last week2013-11-12 16:16:26 [Message] fib_1618 -> Chat: in order for the NASDAQ breadth MCSUM to hold above the horizontal support we're now challenging2013-11-12 16:16:47 [Message] fib_1618 -> Chat: we will need to see the NASDAQ breadth MCO move above this same blip resistance2013-11-12 16:16:50 [Message] fib_1618 -> Chat: and ideally 2013-11-12 16:16:58 [Message] fib_1618 -> Chat: back above the zero line 2013-11-12 16:17:16 [Message] fib_1618 -> Chat: looking at the NASDAQ MCO components2013-11-12 16:17:29 [Message] fib_1618 -> Chat: and we see that they are both pretty much neutral here2013-11-12 16:17:46 [Message] fib_1618 -> Chat: so it's time for one side or the other to make their statement2013-11-12 16:18:06 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO2013-11-12 16:18:22 [Message] fib_1618 -> Chat: and here we see better strength of trend 2013-11-12 16:18:56 [Message] fib_1618 -> Chat: but we still have the comparable blip resistance area we had on the NASDAQ MCO to still overcome2013-11-12 16:19:56 [Message] fib_1618 -> Chat: meanwhile...the NASDAQ breadth MCSUM continues to show little in the way of downside follow through by the sellers after last Thursday's rout2013-11-12 16:20:33 [Message] fib_1618 -> Chat: and now that the buyers have broken above the declining tops line in the MCO2013-11-12 16:20:47 [Message] fib_1618 -> Chat: things could go either way here near term2013-11-12 16:21:23 [Message] fib_1618 -> Chat: you can also see the inherent strength here by looking at the NDX components2013-11-12 16:21:29 [Message] fib_1618 -> Chat: which are both back above their zero lines2013-11-12 16:22:08 [Message] fib_1618 -> Chat: maybe we have an indecision pattern here with the MCSUM forming?2013-11-12 16:22:19 [Message] fib_1618 -> Chat: if so...2013-11-12 16:22:36 [Message] fib_1618 -> Chat: we should see the MCSUM turn up by Thursday 2013-11-12 16:22:50 [Message] fib_1618 -> Chat: with the objective there of the +750 level2013-11-12 16:23:09 [Message] fib_1618 -> Chat: we'll see how it goes2013-11-12 16:23:41 [Message] fib_1618 -> Chat: Friday's hard reversal also moved the SPX breadth MCO back to its zero line2013-11-12 16:24:07 [Message] fib_1618 -> Chat: and you can see how the SPX breadth MCSUM has continued to move sideways2013-11-12 16:24:34 [Message] fib_1618 -> Chat: with the main focus of how congested the MCSUM postings have been up until today2013-11-12 16:24:48 [Message] fib_1618 -> Chat: this tells us that there are very little in the way of heavy sellers here2013-11-12 16:25:05 [Message] fib_1618 -> Chat: and this is keeping prices buoyant2013-11-12 16:25:39 [Message] fib_1618 -> Chat: same kind of situation with the OEX breadth MCO and MCSUM2013-11-12 16:26:05 [Message] fib_1618 -> Chat: though just like everything else we have reviewed so far2013-11-12 16:26:37 [Message] fib_1618 -> Chat: the buyers still need to show some fresh buying here in order to move the MCO's back above their respective blip resistance areas2013-11-12 16:27:01 [Message] fib_1618 -> Chat: which would then free prices up for further gains...and in many cases, new all time highs2013-11-12 16:27:31 [Message] fib_1618 -> Chat: a beautiful complex bullish structure continues to be traced out in the Dow breadth MCO2013-11-12 16:28:09 [Message] fib_1618 -> Chat: and the advantage of knowing and understanding such pattern structures is that the longer the MCO can stay above (or below) the zero line in this fashion2013-11-12 16:28:27 [Message] fib_1618 -> Chat: the longer (and stronger) the underlying price advance will likely be2013-11-12 16:28:35 [Message] fib_1618 -> Chat: so in this context2013-11-12 16:29:02 [Message] fib_1618 -> Chat: the Dow isn't really close in finishing its price advance2013-11-12 16:29:42 [Message] fib_1618 -> Chat: and that the last couple of days could be construed as a simple snapback action to the previous high points of the last 6 months2013-11-12 16:30:12 [Message] fib_1618 -> Chat: and now that the Dow breadth MCSUM is up to the +500 level2013-11-12 16:30:35 [Message] fib_1618 -> Chat: it's really up to the buyers to flex their collective muscles here to make their point2013-11-12 16:31:22 [Message] fib_1618 -> Chat: the MID is showing some better strength in the last couple of days2013-11-12 16:31:45 [Message] fib_1618 -> Chat: as the MID breadth MCO has also taken out its first blip resistance level2013-11-12 16:32:16 [Message] fib_1618 -> Chat: and now is facing the dubious challenge of not only the reaction spike a couple of weeks ago2013-11-12 16:32:22 [Message] fib_1618 -> Chat: but also the zero line itself2013-11-12 16:34:18 [Message] fib_1618 -> Chat: here too we have both of the MID components above their zero line2013-11-12 16:34:34 [Message] fib_1618 -> Chat: so it would seem that we're setting up for "something" 2013-11-12 16:34:52 [Message] fib_1618 -> Chat: while the market continues to wait for "something" to probably trigger this same event2013-11-12 16:35:51 [Message] fib_1618 -> Chat: the SML breadth MCO found support at its rising bottoms line on Friday2013-11-12 16:36:18 [Message] fib_1618 -> Chat: but hasn't shown a lot of follow through as yet2013-11-12 16:36:38 [Message] fib_1618 -> Chat: and looking at the components here2013-11-12 16:36:43 [Message] fib_1618 -> Chat: they also remain above their zero line2013-11-12 16:36:56 [Message] fib_1618 -> Chat: this is why most people HATE indecision patterns2013-11-12 16:37:09 [Message] fib_1618 -> Chat: as you have so many cross currents going on2013-11-12 16:37:18 [Message] fib_1618 -> Chat: that many lose their patience2013-11-12 16:38:08 [Message] fib_1618 -> Chat: and the TM breadth MCO found resistance at the -25 level2013-11-12 16:38:39 [Message] fib_1618 -> Chat: with the 5% component now testing its zero line2013-11-12 16:39:10 [Message] fib_1618 -> Chat: overall then2013-11-12 16:39:32 [Message] fib_1618 -> Chat: probably the best analysis that we have from all of this garbage is that we're likely in a larger trading range2013-11-12 16:39:59 [Message] fib_1618 -> Chat: with a range between 1750 and 1775 on the SPX2013-11-12 16:40:37 [Message] fib_1618 -> Chat: and if the sellers don't take advantage of the push they made on Thursday pretty soon2013-11-12 16:40:48 [Message] fib_1618 -> Chat: they will, again, lose their control of things2013-11-12 16:41:09 [Message] fib_1618 -> Chat: boy...talk about a whipsaw on Thursday and Friday2013-11-12 16:41:32 [Message] fib_1618 -> Chat: the sellers were so confident on Thursday that they broke many trends 2013-11-12 16:41:50 [Message] fib_1618 -> Chat: but then they lost just about all of this momentum on Friday's jobs "surprise"2013-11-12 16:42:12 [Message] fib_1618 -> Chat: one thing that did set off my "spidy sense" over the weekend2013-11-12 16:42:26 [Message] fib_1618 -> Chat: was how the interest rate A/D lines were sagging lower2013-11-12 16:42:37 [Message] fib_1618 -> Chat: but even there2013-11-12 16:42:39 [Message] fib_1618 -> Chat: we're not consistent2013-11-12 16:43:12 [Message] fib_1618 -> Chat: as the NYSE Specialty CEF A/D line continues to fight the weakness seen in the Bond CEF and REITS2013-11-12 16:43:33 [Message] fib_1618 -> Chat: moving to the volume McClellan's2013-11-12 16:45:44 [Message] fib_1618 -> Chat: and we see that the NYSE CO volume MCO is having the same problems as its breadth cousin is having2013-11-12 16:45:55 [Message] fib_1618 -> Chat: with blip resistance above current levels2013-11-12 16:46:48 [Message] fib_1618 -> Chat: but looking at the NYSE CO volume MCSUM you can see the lack of downside volume over the last couple of days2013-11-12 16:47:09 [Message] fib_1618 -> Chat: and interestingly enough2013-11-12 16:47:20 [Message] fib_1618 -> Chat: we settled today not only just above the +500 level2013-11-12 16:47:37 [Message] fib_1618 -> Chat: but we also rest on the rising bottoms line from the September lows2013-11-12 16:48:00 [Message] fib_1618 -> Chat: with the components here on the NYSE CO volume MCO still positive2013-11-12 16:48:28 [Message] fib_1618 -> Chat: the odds suggest that we're going to see at least a bounce attempt as soon as Wednesday2013-11-12 16:49:10 [Message] fib_1618 -> Chat: the NYSE Composite volume MCSUM is also resting on this same rising bottoms line2013-11-12 16:49:56 [Message] fib_1618 -> Chat: in fact the configurations on the MCO, Components, and the NYSE Composite volume MCSUM are just about identical2013-11-12 16:50:22 [Message] fib_1618 -> Chat: looking at the close up chart of the NYA2013-11-12 16:50:40 [Message] fib_1618 -> Chat: and you can also see the outline of what looks like a bullish flag formation2013-11-12 16:51:02 [Message] fib_1618 -> Chat: though it is getting a bit long in the tooth2013-11-12 16:51:10 [Message] fib_1618 -> Chat: and when this happens2013-11-12 16:51:24 [Message] fib_1618 -> Chat: it's sort of like when a price structure trades within the apex of a triangle2013-11-12 16:51:30 [Message] fib_1618 -> Chat: it can literally go either way2013-11-12 16:51:46 [Message] fib_1618 -> Chat: OK...2013-11-12 16:51:52 [Message] fib_1618 -> Chat: now moving to the NASDAQ volume MCO2013-11-12 16:52:01 [Message] fib_1618 -> Chat: and here we're seeing good strength of pattern2013-11-12 16:52:23 [Message] fib_1618 -> Chat: as we have broken above short term horizontal resistance2013-11-12 16:52:42 [Message] fib_1618 -> Chat: but at the same time2013-11-12 16:53:02 [Message] fib_1618 -> Chat: with our breaking below horizontal support on Thursday in the NASDAQ volume MCSUM2013-11-12 16:53:18 [Message] fib_1618 -> Chat: it's going to take a lot more than what we see here in order to turn things around near term2013-11-12 16:53:53 [Message] fib_1618 -> Chat: the NDX volume MCO is also showing good strength here 2013-11-12 16:54:03 [Message] fib_1618 -> Chat: in fact, it has now snapped back fully up to its zero line2013-11-12 16:54:33 [Message] fib_1618 -> Chat: and this has now stalled out the declining pattern structure of the NDX volume MCSUM right at what should be horizontal support2013-11-12 16:55:30 [Message] fib_1618 -> Chat: looking at the NDX volume components2013-11-12 16:55:44 [Message] fib_1618 -> Chat: and they're not only above their zero lines2013-11-12 16:56:11 [Message] fib_1618 -> Chat: but we also see that the 10% has also snapped back the 5% Trend2013-11-12 16:56:19 [Message] fib_1618 -> Chat: so...what's it going to be?2013-11-12 16:56:40 [Message] fib_1618 -> Chat: are we building up strength for a crossover buy signal?2013-11-12 16:56:57 [Message] fib_1618 -> Chat: or are we at internal resistance and due for some near term weakness?2013-11-12 16:57:17 [Message] fib_1618 -> Chat: pick you side2013-11-12 16:57:42 [Message] fib_1618 -> Chat: the SPX breadth MCO is neutral here2013-11-12 16:57:47 [Message] fib_1618 -> Chat: so one side is about to take control2013-11-12 16:58:02 [Message] fib_1618 -> Chat: and look at the lack of downside volume here on the SPX volume MCSUM2013-11-12 16:58:27 [Message] fib_1618 -> Chat: so now that we're back to being balanced between the two sides on a short term basis2013-11-12 16:58:44 [Message] fib_1618 -> Chat: the next day or so will probably be the tipping point to what's going to happen for the intermediate term2013-11-12 16:59:00 [Message] fib_1618 -> Chat: with our upside target of 1825 still out there2013-11-12 16:59:22 [Message] fib_1618 -> Chat: there's some unfinished business to be sure still left for the bulls2013-11-12 16:59:49 [Message] fib_1618 -> Chat: especially since all the sellers were able to do is provide a one day ambush...with little in the way of success coming from it (at least so far)2013-11-12 17:00:07 [Message] fib_1618 -> Chat: same thing with the OEX data2013-11-12 17:00:13 [Message] fib_1618 -> Chat: one thing's for sure here2013-11-12 17:00:31 [Message] fib_1618 -> Chat: the market is in perfect sync between both breadth and volume of their respective baskets2013-11-12 17:00:38 [Message] fib_1618 -> Chat: and intramarket as well2013-11-12 17:00:50 [Message] fib_1618 -> Chat: given that the trend has been up for the last several months 2013-11-12 17:01:06 [Message] fib_1618 -> Chat: would then give the benefit of any doubt there might be to that trend2013-11-12 17:01:30 [Message] fib_1618 -> Chat: the Dow volume MCSUM continues to lead its breadth cousin to the upside2013-11-12 17:01:56 [Message] fib_1618 -> Chat: and with the Dow volume MCO maintaining a bullish complex pattern of its own2013-11-12 17:02:24 [Message] fib_1618 -> Chat: and the Dow is certainly showing a lot of support at current levels2013-11-12 17:02:50 [Message] fib_1618 -> Chat: we're also neutral (at the zero line) on the MID volume MCO2013-11-12 17:03:34 [Message] fib_1618 -> Chat: but the MID volume MCSUM's continuing to move sideways could be interpreted as being bullish or bearish all dependent on the bias2013-11-12 17:03:50 [Message] fib_1618 -> Chat: bottom line though...it's indecisive2013-11-12 17:04:01 [Message] fib_1618 -> Chat: as is the SML volume MCO2013-11-12 17:04:16 [Message] fib_1618 -> Chat: as the SML volume MCSUM treads sideways2013-11-12 17:04:53 [Message] fib_1618 -> Chat: and the TM volume MCO will need a bit more strength here to break any chance of a bearish ambush near term2013-11-12 17:05:33 [Message] fib_1618 -> Chat: no less to find a way to halt the downside slide of the TM volume MCSUM as it approaches its horizontal pattern support seen on the chart2013-11-12 17:05:35 [Message] fib_1618 -> Chat: so...2013-11-12 17:05:50 [Message] fib_1618 -> Chat: place your bets2013-11-12 17:06:13 [Message] fib_1618 -> Chat: but the disciplined thing to do here is to continue to sit on our hands for a bit more time2013-11-12 17:06:26 [Message] fib_1618 -> Chat: and see which side really wants to take the reigns 2013-11-12 17:06:46 [Message] fib_1618 -> Chat: too much garbage to really take a trade2013-11-12 17:06:50 [Message] fib_1618 -> Chat: and if you do2013-11-12 17:07:18 [Message] fib_1618 -> Chat: you have decide which basket of issues will give the best odds of success2013-11-12 17:07:28 [Message] fib_1618 -> Chat: right now...2013-11-12 17:07:41 [Message] fib_1618 -> Chat: who really knows?2013-11-12 17:07:50 [Message] fib_1618 -> Chat: let's see how the volume oscillators look2013-11-12 17:08:15 [Message] fib_1618 -> Chat: all the STVO's are neutral here2013-11-12 17:08:26 [Message] fib_1618 -> Chat: except the Dow2013-11-12 17:08:41 [Message] fib_1618 -> Chat: and the CVI's are also not showing their hand here either2013-11-12 17:09:19 [Message] fib_1618 -> Chat: VTO's are now beginning to lose their "overbought" tenure here2013-11-12 17:09:46 [Message] fib_1618 -> Chat: so it might be that we'll have to wait until they get a bit close to their zero lines for the action to begin there2013-11-12 17:09:49 [Message] fib_1618 -> Chat: which means by Thursday2013-11-12 17:10:09 [Message] fib_1618 -> Chat: NYSE TRIN at .862013-11-12 17:10:19 [Message] fib_1618 -> Chat: Open 10 at 922013-11-12 17:10:21 [Message] fib_1618 -> Chat: neutral2013-11-12 17:10:34 [Message] fib_1618 -> Chat: NASDAQ TRIN at .672013-11-12 17:10:47 [Message] fib_1618 -> Chat: Open 10 at .902013-11-12 17:10:51 [Message] fib_1618 -> Chat: neutral2013-11-12 17:11:01 [Message] fib_1618 -> Chat: TM TRIN at .642013-11-12 17:11:11 [Message] fib_1618 -> Chat: Open 10 at .892013-11-12 17:11:20 [Message] fib_1618 -> Chat: yes, that's right, neutral2013-11-12 17:11:56 [Message] fib_1618 -> Chat: let me check the BETS2013-11-12 17:12:15 [Message] fib_1618 -> Chat: futures are flat2013-11-12 17:12:26 [Message] fib_1618 -> Chat: check the calendar2013-11-12 17:12:36 [Message] fib_1618 -> Chat: you sure this isn't the end of August? 2013-11-12 17:13:44 [Message] fib_1618 -> Chat: +202013-11-12 17:13:51 [Message] fib_1618 -> Chat: but the internals are weakening overall2013-11-12 17:14:00 [Message] fib_1618 -> Chat: as we said on Thursday2013-11-12 17:14:02 [Message] fib_1618 -> Chat: once again2013-11-12 17:14:28 [Message] fib_1618 -> Chat: the bulls really need to again step up, HERE and NOW, or this continuing slide will start to accelerate2013-11-12 17:15:05 [Message] fib_1618 -> Chat: bottom line:2013-11-12 17:15:06 [Message] fib_1618 -> Chat: hold2013-11-12 17:15:22 [Message] fib_1618 -> Chat: with protective bearish stops below market on any longs still open2013-11-12 17:15:32 [Message] fib_1618 -> Chat: but the sellers aren't showing any backbone here either to short, so cash seems to be the best option 2013-11-12 17:15:41 [Message] fib_1618 -> Chat: drip drip drip2013-11-12 17:15:47 [Message] fib_1618 -> Chat: anything else?2013-11-12 17:15:51 [Message] fib_1618 -> Chat: any other opinions?2013-11-12 17:16:28 [Message] thespookyone -> Chat: on several indexes, pattern wise-it looks to me like a complete ABC, and the next up move started2013-11-12 17:16:56 [Message] thespookyone -> Chat: twt2013-11-12 17:16:57 [Message] fib_1618 -> Chat: well...if that's the case2013-11-12 17:17:07 [Message] fib_1618 -> Chat: we need to start to "rock and roll" quickly2013-11-12 17:17:27 [Message] fib_1618 -> Chat: as an aside2013-11-12 17:17:41 [Message] fib_1618 -> Chat: business here dropped off another cliff in October2013-11-12 17:18:02 [Message] fib_1618 -> Chat: what makes this eyebrow raising though2013-11-12 17:18:12 [Message] fib_1618 -> Chat: is that we usually slow down in November and December2013-11-12 17:18:20 [Message] fib_1618 -> Chat: with October usually our best month of the year2013-11-12 17:18:36 [Message] fib_1618 -> Chat: keeping in mind that our business tends to lead the stock market by about 3 months2013-11-12 17:18:49 [Message] fib_1618 -> Chat: and this doesn't bode well for the 1st quarter of next year2013-11-12 17:19:14 [Message] thespookyone -> Chat: but that timing seems right...2013-11-12 17:19:28 [Message] fib_1618 -> Chat: people here in the state capital are very "worried"2013-11-12 17:19:34 [Message] fib_1618 -> Chat: though the furloughs are gone2013-11-12 17:19:59 [Message] fib_1618 -> Chat: and the state workers are getting their checks on time2013-11-12 17:20:11 [Message] fib_1618 -> Chat: there's an uneasiness in the air2013-11-12 17:20:52 [Message] fib_1618 -> Chat: anyway...we shall see what we shall see2013-11-12 17:21:28 [Message] fib_1618 -> Chat: probably a great time to take a vacation! 2013-11-12 17:21:45 [Message] thespookyone -> Chat: BET2013-11-12 17:21:51 [Message] fib_1618 -> Chat: anything else?2013-11-12 17:22:02 [Message] fib_1618 -> Chat: remember that we have Wednesday and Thursday chats this week2013-11-12 17:22:07 [Message] fib_1618 -> Chat: and we're dark next week2013-11-12 17:22:22 [Message] fib_1618 -> Chat: but do feel free to use the chat room in my absence if you folks wish to2013-11-12 17:22:26 [Message] thespookyone -> Chat: although, I have positions on both sides working OK. Just playing the strongest-and weakest2013-11-12 17:22:41 [Message] fib_1618 -> Chat: it's a stock pickers market to be sure2013-11-12 17:22:48 [Message] thespookyone -> Chat: yes2013-11-12 17:23:12 [Message] fib_1618 -> Chat: the Transports had their second highest close on record today2013-11-12 17:23:37 [Message] fib_1618 -> Chat: and look at the volume spike today2013-11-12 17:23:59 [Message] fib_1618 -> Chat: the highest volume since the kick off in September2013-11-12 17:24:04 [Message] fib_1618 -> Chat: that could be a clue2013-11-12 17:24:08 [Message] fib_1618 -> Chat: a whisper2013-11-12 17:24:09 [Message] thespookyone -> Chat: thing is too, the QQQ doesn't look bad to me...2013-11-12 17:24:21 [Message] fib_1618 -> Chat: the internals aren't that bad either2013-11-12 17:24:42 [Message] fib_1618 -> Chat: as the sellers are still not showing any follow through after near term bursts2013-11-12 17:24:57 [Message] fib_1618 -> Chat: and this has been the real story of this advance2013-11-12 17:25:08 [Message] fib_1618 -> Chat: some news event takes place2013-11-12 17:25:23 [Message] fib_1618 -> Chat: and the selling become an emotional event2013-11-12 17:25:26 [Message] fib_1618 -> Chat: with no substance2013-11-12 17:25:34 [Message] thespookyone -> Chat: nope, pretty easy for a bear trap here-and my guess is we are getting put buyers2013-11-12 17:25:35 [Message] fib_1618 -> Chat: anyway2013-11-12 17:25:42 [Message] fib_1618 -> Chat: that too2013-11-12 17:25:58 [Message] fib_1618 -> Chat: I'm very sure that the November puts bought this time around are huge2013-11-12 17:26:03 [Message] thespookyone -> Chat: call premiums real fair2013-11-12 17:26:17 [Message] thespookyone -> Chat: puts expensive2013-11-12 17:26:21 [Message] fib_1618 -> Chat: which means volatility is low2013-11-12 17:26:45 [Message] fib_1618 -> Chat: yes...VIX is at the lows of the year2013-11-12 17:26:58 [Message] fib_1618 -> Chat: OK...if there's nothing else2013-11-12 17:27:01 [Message] fib_1618 -> Chat: I'm going to take off2013-11-12 17:27:07 [Message] fib_1618 -> Chat: everyone have a great evening2013-11-12 17:27:08 [Message] thespookyone -> Chat: thx2013-11-12 17:27:19 [Message] fib_1618 -> Chat: and we'll take a look at the sectors on Wednesday2013-11-12 17:27:20 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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